Shares of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) ended Tuesday session in green amid volatile trading. The shares closed up +0.12 points or 1.69% at $7.20 with 3.22 million shares getting traded. Post opening the session at $7.11, the shares hit an intraday low of $7.07 and an intraday high of $7.21 and the price vacillated in this range throughout the day. The company has a market cap of $48.75 billion and the numbers of outstanding shares have been calculated to be 6.53 billion shares.
Banco Bilbao Vizcaya Argentaria SA (ADR) (BBVA) engages in the retail banking, wholesale banking, asset administration, and private banking businesses mainly in Spain, Mexico, South America, the United States, and Turkey. It offers deposit products, counting personal accounts, housing accounts, savings accounts, deposit accounts, etc.; loan products, such as personal loans, mortgages, etc.; credit cards; investment products comprising mutual funds, warrants, and pension plans; and telephone and on-line banking services, in addition to ATMs for individual customers.
Shares of Host Hotels and Resorts Inc (NYSE:HST) ended Tuesday session in green amid volatile trading. The shares closed up +0.26 points or 1.65% at $15.97 with 14.17 million shares getting traded. Post opening the session at $15.63, the shares hit an intraday low of $15.38 and an intraday high of $16.03 and the price vacillated in this range throughout the day. The company has a market cap of $12.24 billion and the numbers of outstanding shares have been calculated to be 739.87 million shares.
Host Hotels and Resorts Inc (HST) recently declared results of operations for the third quarter of 2016.
The Company’s net income raised $21 million for the quarter and $243 million year-to-date, mainly as a result of gains on the sale of non-core assets and operating profit growth. The improvement in RevPAR assisted drive GAAP operating profit margin growth of 70 basis points and 90 basis points for the quarter and year-to-date, respectively. Gains on dispositions raised $9 million and $183 million for the quarter and year-to-date, respectively, as a result of the $497 million of dispositions accomplished thus far in 2016. Net income also includes earnings from the receipt of $12 million in the third quarter for the reimbursement of operating losses at the New Orleans Marriott because of the 2010 Deepwater Horizon oil spill.
Diluted earnings per share raised by 27.3% and 60.4% for the quarter and year-to-date, respectively, as a result of this activity, together with a reduction in interest expense and the repurchase of 45 million shares over the past 15 months.
The Company’s total revenues raised 0.9% for the quarter and 1.7% year-to-date. The growth was driven by increases in room revenues, partially offset by lost revenue from hotel dispositions. Total food & beverage revenues declined slightly during the quarter as improvements in outlet revenues were offset by softness in banquet and audio/visual revenues, reversing the trend from the first half of the year.